Tex. Finance Code § 67.101

This is the official text of Tex. Finance Code § 67.101, part of Texas’s Finance Code — regulates banks and other financial institutions.

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§ 67.101. POWERS OF FOREIGN ASSOCIATION; ELIGIBILITY OF ACCOUNTS FOR INVESTMENT.

Official statutory text

(a) A foreign association operating under a certificate of authority has the rights and privileges of an association created under this subtitle. The association's accounts are eligible for investment to the same extent as those of a domestic association.

(b) A foreign association may not be considered an association organized under the laws of this state.

(c) A foreign association operating in this state under this chapter may not exercise a power, perform a function, or offer a service that a domestic association may not exercise, perform, or offer.

Status: in_force · Read it on the official government site

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